Bache Post & News Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04779022 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Bache Post & News Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Elson

Mrs W A Elson

SECRETARY:

K S Elson

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

04779022 (England and Wales)

ACCOUNTANTS:

Haines Watts

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

-

14,590

Property, plant and equipment

5

13,550

14,643

13,550

29,233

CURRENT ASSETS

Inventories

12,208

11,145

Debtors

6

12,545

25,060

Cash at bank and in hand

23,076

18,201

47,829

54,406

CREDITORS

Amounts falling due within one year

7

34,476

38,065

NET CURRENT ASSETS

13,353

16,341

TOTAL ASSETS LESS CURRENT LIABILITIES

26,903

45,574

CREDITORS

Amounts falling due after more than one year

8

34,384

45,562

NET (LIABILITIES)/ASSETS

(7,481

)

12

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(7,483

)

10

SHAREHOLDERS' FUNDS

(7,481

)

12

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2022 and were signed on its behalf by:

K S Elson - Director

1.	STATUTORY INFORMATION

Bache Post & News Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of eighteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2020

and 31 May 2021

97,271

AMORTISATION

At 1 June 2020

82,681

Charge for year

14,590

At 31 May 2021

97,271

NET BOOK VALUE

At 31 May 2021

-

At 31 May 2020

14,590

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2020

87,668

Additions

3,661

At 31 May 2021

91,329

DEPRECIATION

At 1 June 2020

73,025

Charge for year

4,754

At 31 May 2021

77,779

NET BOOK VALUE

At 31 May 2021

13,550

At 31 May 2020

14,643

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

-

4,510

Other debtors

12,545

20,550

12,545

25,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans and overdrafts

8,000

9,757

Trade creditors

5,836

7,351

Taxation and social security

12,143

12,091

Other creditors

8,497

8,866

34,476

38,065

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans

34,384

45,562

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

2

ordinary

£1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 May 2021 a director of the company owed the company £2,104 (2020: £14,619) in respect of an interest free loan which is repayable on demand.